Electrical Solutions Group Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10598085

Electrical Solutions Group Ltd

Filleted Unaudited Financial Statements

31 March 2025

Electrical Solutions Group Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Electrical Solutions Group Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		34,574		64,102

Current assets

Debtors	6	343,572	436,612
Cash at bank and in hand		79,754	550,332
		---------	---------
		423,326	986,944

Creditors: amounts falling due within one year	7	298,802		548,263
		---------		---------
Net current assets			124,524		438,681
			---------		---------
Total assets less current liabilities			159,098		502,783

Creditors: amounts falling due after more than one year	8		29,829		46,039

Provisions	8,644	16,025
	---------	---------
Net assets	120,625	440,719
	---------	---------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		120,525	440,619
		---------	---------
Shareholders funds		120,625	440,719
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Electrical Solutions Group Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

Mr G R Andrews
Director

Company registration number: 10598085

Electrical Solutions Group Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	184,689	14,520	199,209
Disposals	( 24,609)	–	( 24,609)
	---------	--------	---------
At 31 March 2025	160,080	14,520	174,600
	---------	--------	---------
Depreciation
At 1 April 2024	127,612	7,495	135,107
Charge for the year	28,123	1,405	29,528
Disposals	( 24,609)	–	( 24,609)
	---------	--------	---------
At 31 March 2025	131,126	8,900	140,026
	---------	--------	---------
Carrying amount
At 31 March 2025	28,954	5,620	34,574
	---------	--------	---------
At 31 March 2024	57,077	7,025	64,102
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	305,428	427,962
Prepayments and accrued income	6,630	4,230
Other debtors	31,514	4,420
	---------	---------
	343,572	436,612
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,114	82,239
Accruals and deferred income	204,600	181,715
Corporation tax	–	98,275
Social security and other taxes	68,886	169,733
Obligations under finance leases and hire purchase contracts	15,827	16,300
Director loan accounts	375	1
	---------	---------
	298,802	548,263
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	29,829	46,039
	--------	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	8,644	16,025
	-------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	8,644	16,025
	-------	--------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Related party transactions

At the year end the company owed its director £375 (2024 - £1) which is shown amongst creditors.